BHP is a big customer of BOL. News in yesterday's SMH...

BHP is a big customer of BOL. News in yesterday's SMH BusinessDay that Olympic Dam expansion decision has been postponed until year-end CY12. My hunch is the expansion will be postponed indefinitely until world economy improves esp as the massive overburden removal is very energy intensive. BOL's high NTA make stk appealing. But until we see what the usuage rate is it's a high risk play. These days i am cautious and look for safer plays. But a biggish new contract could add a few cents to SP. Debt needs to be lower as well.